Gross domestic product came in at a rate of 2.6% in Q4 of 2018, according to the initial estimate from the Bureau of Economic Analysis. However, during 2018, real GDP increased 3.1%, up from 2.5% during 2017.

Gross Domestic Product growth was championed by consumer spending in the third quarter of 2018, according to the advanced estimate from the Bureau of Economic Analysis. According to the report, Real GDP increased 3.5% in the third quarter.

This week, members of Congress demanded the Federal Reserve maintain strong capital requirements for Global Systemically Important Banks. Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and Ranking Member of the House Committee on Financial Services Subcommittee on Terrorism and Illicit Finance Ed Perlmutter, D-Colo., led the charge.

A robust economy has not been able to ignite an underwhelming housing market, according to Freddie Mac’s September Forecast, which predicts for the remainder of 2018, prospective homebuyers will experience difficulty reaching the market.

As it turns out, real gross domestic product increased at an annual rate of 4.2% in the second quarter of 2018, according to the revised, second estimate released by the U.S. Bureau of Economic Analysis.

Commentary

Every day, people in your community are looking for a new place to call home. But in the age of the digital shift, they are now getting most of that information from their mobile devices rather than more traditional sources.